Meeting Details

The 44th Annual General Meeting will be held on Monday, 28th September 2026 at 11:30 A.M. at the Registered Office of the Company at Godrej Coliseum, A-Wing 1301, 13th Floor, Behind Everard Nagar, Off Eastern Express Highway, Sion (East), Mumbai - 400 022.

Business to be Transacted

Ordinary Business:

1. To receive, consider and adopt the Financial Statements of the Company for the financial year ended 31st March, 2026 including audited Balance Sheet as at 31st March, 2026 and the Statement of Profit and Loss Account for the year ended on that date and the Reports of Board of Directors and Auditors thereon.

2. To appoint a Director in place of Mr. Vimal Kishor Shah (DIN: 00716040) who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible offers himself for re-appointment.

Special Business:

3. To consider and approve the appointment of M/s. Ankit Goyanka & Associates, Chartered Accountants (Firm Registration No. 154590W), as the Statutory Auditors of the Company to fill the casual vacancy caused by the resignation of M/s. J. D. Zatakia & Co., Chartered Accountants (Firm Registration No. 111777W) and to fix their remuneration.

Director Re-appointment Details

Mr. Vimal Kishor Shah (DIN: 00716040) seeks re-appointment with the following details:

  • Date of First Appointment: 01/02/1992
  • Date of Birth: 27/09/1972
  • Qualification: Bachelor of Commerce
  • Experience: Over three decades in real estate business, associated with the Company since 1992, Promoter of the Company
  • Shareholding: 23,950 shares in the Company
  • Directorships: Holds 14 directorships in other companies including Terrafirm Softtech Private Limited, Megaview Tosha Construction Private Limited, and 2 LLP memberships
  • Board Meetings Attended: 3 meetings in FY 2026-2027 till 27-08-2026
  • Relationship: Brother of Mr. Nainesh K. Shah
  • Committee Membership: Member of Audit Committee at Terraform Realstate Limited
  • Remuneration: Nil drawn, Nil sought

Auditor Appointment Details

M/s. J. D. Zatakia & Co., Chartered Accountants (Firm Registration No. 111777W) resigned as Statutory Auditors effective 04th August, 2026, creating a casual vacancy.

The Board of Directors at its meeting held on 27th August, 2026 recommended appointment of M/s. Ankit Goyanka & Associates, Chartered Accountants (Firm Registration No. 154590W) to fill the vacancy.

Proposed appointment term: Five years from conclusion of 44th AGM until conclusion of 49th AGM in 2031, covering financial years 2026-2027 to 2030-2031.

Remuneration: To be determined by the Board based on Audit Committee recommendation and consultation with auditors, plus applicable taxes and reimbursement of reasonable out-of-pocket expenses.

Share Transfer Book Closure

The Register of Members and Share Transfer Books shall remain closed from Tuesday, September 22, 2026 to Monday, September 28, 2026 (both days inclusive).

E-Voting Arrangements

Remote e-voting period: Friday, September 25, 2026 (10:00 a.m. IST) to Sunday, September 27, 2026 (5:00 p.m. IST)

Cut-off date for voting rights: Monday, September 21, 2026

E-voting service provider: National Securities Depository Limited (NSDL)

Scrutinizer: Mr. Nrupang B. Dholakia of Dholakia & Associates LLP, Company Secretaries (Membership No. FCS 10032 and CP No. 12884)

Additional Information

  • Annual Report 2025-26 available on company website www.terraformmagnum.com
  • Members encouraged to convert physical shares to dematerialized form
  • Members requested to update PAN, email address, and bank details for dividend payments
  • Proxy forms must be deposited at registered office not less than 48 hours before meeting